Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

Latest StoriesResidential

Revamp Housing Index Compilation Method: Stats Ministry

NEW DELHI: The Ministry of Statistics is suggesting a significant overhaul of the housing index compilation methodology, part of the consumer price index (CPI) base revision exercise. Housing represents a substantial segment of the CPI, contributing approximately 21.7% of expenditures in urban areas and 10.1% nationally according to the current series. “As part of the ongoing base revision, we will reassess all components of the index compilation methodology to create a more robust and durable CPI series,” stated the ministry in the newly released discussion paper. Data on rent will now be collected monthly, replacing the previous six-month collection method.…

Latest StoriesRegulatory

Mumbai: Builder, aide held for cheating contractor of ₹10 crore

Sure! Here’s a rewritten version of the content: MUMBAI: The Bandra Police have apprehended builder Neeraj Kakad and his assistant Vikas Kadam for allegedly defrauding a contractor from Khar of ₹9.57 crore and threatening him with violence. They will appear before the Bandra court soon. Neeraj was taken into custody at his residence in Bandra, while his wife, son, and officials Ujjal Singh and Vikas Kadam remain at large. The complaint was lodged by Sohail Subedar, a civil contractor and partner at Khalifa Infrastructure LLP, who was introduced to Kakad through a mutual contact in 2020. Subedar’s firm was contracted…

InfrastructureLatest Stories

AP CM: Amaravati Construction Must Meet Deadline

Here’s a rewritten version of your content: AMARAVATI: Andhra Pradesh Chief Minister N. Chandrababu Naidu urged officials on Friday to accelerate the development of Amaravati, the greenfield capital city, and ensure its timely completion. During a project review meeting at his camp office, Naidu assessed the ongoing progress, which included beautification projects and the distribution of returnable plots to farmers. “CM Chandrababu Naidu made it clear that construction work must not be delayed. The timelines for completion should be strictly adhered to,” a release stated. While discussing various construction projects, Naidu inquired about the workforce availability and the progress made…

Housing FinanceLatest Stories

Aptus Value Housing Finance Q2 FY26 Net Profit Up 24.5%

NEW DELHI: Aptus Value Housing Finance India has reported a net consolidated profit growth of 24.50% for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 was ₹226.54 crore, up from ₹181.96 crore in the same quarter last year, according to a filing with the BSE. The company’s net consolidated total income reached ₹553.68 crore in Q2 FY26, reflecting a 27.44% increase from ₹434.47 crore for the corresponding quarter last year. P. Balaji, the company’s managing director, noted, “Disbursements increased by 24% quarter-on-quarter to ₹963 crore in Q2 FY26. Although we observed a slight uptick in…

IndustryLatest Stories

Mahindra Lifespace Q2 FY26 Net Profit at ₹47.91 Crore

NEW DELHI: Mahindra Lifespace Developers announced a net consolidated profit of ₹47.91 crore for the quarter ending September 30, 2025, a significant turnaround from a loss of ₹14.01 crore in the same quarter last year, as reported in a BSE filing. The company’s total consolidated income for Q2 FY26 reached ₹33.06 crore, reflecting a 107.14% increase from ₹15.96 crore in the corresponding quarter of the previous fiscal year. Amit Kumar Sinha, Managing Director & CEO, stated, “Our business development momentum remains strong with year-to-date GDV additions of ₹9,500 crore. The IC&IC sector is witnessing robust traction in Jaipur and Chennai,…

InfrastructureLatest Stories

Urban Population Growth Challenges Urbanization, Says Housing Minister

BENGALURU: Union Minister Manohar Lal Khattar remarked on Thursday that urbanization has become a pressing issue due to the swift increase in city populations. The Centre has initiated regional meetings to tackle various urban development challenges. “Urbanization is a significant concern these days as urban populations continue to grow,” Khattar informed reporters following a regional meeting with representatives from Karnataka, Kerala, Tamil Nadu, Puducherry, and Lakshadweep. The Minister of Housing and Urban Affairs mentioned that the discussions covered topics such as road infrastructure, drainage systems, mobility, and metro rail projects, incorporating demands and suggestions from the involved states. “The meeting…

CommercialLatest Stories

Table Space leases 540k sq ft of workspaces in NCR

NEW DELHI: Table Space has successfully leased more than 540,000 sq ft of office space throughout the National Capital Region (NCR). The company has launched new centers at Worldmark 4, Aerocity in Delhi, as well as at DLF Downtown, Godrej GCR, Atrium Place, and Good Earth Business Bay II in Gurugram. With this latest expansion, Table Space’s portfolio in NCR has surpassed 2.2 million sq ft, having leased over 50,000 sq ft at Worldmark 4. The DLF Downtown center, located in DLF City Phase-III, encompasses over 85,000 sq ft across two floors, while the Godrej GCR center on Golf Course…

IndustryLatest Stories

Rajasthan: RIICO Launches 6,000 Direct Allotment Plots

Representative image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has launched the sixth phase of its direct allotment scheme for investors who have signed MoUs with the state government as part of the Rising Rajasthan Global Investment Summit. The application window will remain open until October 14 for MoU holders to apply for industrial plots. In this phase, RIICO is offering 6,000 industrial plots across 100 industrial areas, with special reservations for entrepreneurs from SC/ST, women, ex-servicemen, and persons with disabilities. During the previous phase in September, RIICO received 322 applications for 224 plots, with significant interest…

InfrastructureLatest Stories

20,000 Villagers Protest Against Himmatnagar Development Board

GANDHINAGAR: In a significant demonstration, approximately 20,000 villagers, including farmers and cattle herders, rallied in Kanknol village, Himmatnagar taluka, Sabarkantha district on Thursday. They are calling for the cancellation of a notification to establish the Himmatnagar Urban Development Authority (Huda). The Huda development plan proposes the appropriation of land from farmers in 11 villages as part of a town planning initiative. This protest, organized by Huda Sankalan Samiti, has been ongoing for 40 days, with previous rallies where villagers submitted memoranda to the collector and other authorities. “We have decided to give the government a 15-day ultimatum to revoke the…

Housing FinanceLatest Stories

IIFL Home Finance Names Girish Kousgi as MD & CEO

NEW DELHI: IIFL Home Finance, part of IIFL Finance, has named Girish Kousgi as its managing director and chief executive officer, starting October 30, 2025. Kousgi will oversee all business operations, focusing on home loans, the non-home loan segment, MSME loans, and construction finance. Before joining IIFL Home Finance, he was the MD & CEO of PNB Housing Finance. With almost 30 years of experience, he has held senior roles at Can Fin Homes, Tata Capital Financial Services, IDFC Bank, and ICICI Bank. Published On Oct 30, 2025 at 01:23 PM IST Join a community of over 2M industry professionals!…